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DOF to issue shares worth millions to survive ahead to 2022

BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH

Published
29.11.17 at 07:42

Norway's DOF, which has been through a financial crisis and a subsequent restructuring, is looking to raise NOK 500 million in a new share issue. The fresh funds will pad the carrier ahead to 2022, reports Sysla.

A crack was discovered on the Forties Pipeline System in Scotland, while an explosion cost one fatality and injured at least 18 people at a gas plant in Austria. Repairs and concerns about dangerous incidents will only become more common in Europe's oil and gas infrastructure.